Lument Finance Trust Inc SEC Filings

Lument Finance Trust (NYSE: LFT) reported Q3 2025 results showing a smaller loan book and higher credit reserves as it navigates a tougher CRE environment. Net income attributable to common stockholders was $0.7 million, or $0.01 per share, compared with $5.1 million, or $0.10 per share, a year ago. The company declared a $0.04 dividend per common share.

Total assets were $955.7 million, down from $1,128.6 million at year-end. Commercial mortgage loans held-for-investment, net, were $821.8 million versus $1,048.8 million, reflecting $167.1 million of principal payments and $62.6 million transferred to real estate owned. REO included $49.3 million held-for-investment and $8.9 million held-for-sale. The CECL allowance rose to $14.0 million from $11.3 million.

Net interest income was $5.1 million, down from $9.5 million in the prior-year quarter, as interest income declined with a smaller portfolio while interest expense also fell. Equity totaled $230.1 million versus $237.9 million at year-end. Shares outstanding were 52,364,930 as of November 10, 2025.

Lument Finance Trust entered into an uncommitted master repurchase agreement with JPMorgan Chase Bank providing up to $450 million of financing for first mortgage loans, controlling loan participations, and other commercial mortgage debt secured by commercial real estate. Advances bear interest at term SOFR plus a case-by-case spread.

The facility has an initial maturity of November 3, 2028, with two one-year extensions at the seller’s option, subject to conditions. Lument Finance Trust also provided a Guarantee, generally capping its liability at 25% of the then unpaid aggregate repurchase price of purchased loans and related obligations, subject to exceptions. The agreements include customary representations, covenants, events of default, and indemnities, and impose financial covenants on the guarantor, including minimum unencumbered liquidity, minimum tangible net worth, a maximum leverage ratio, and an interest charge coverage ratio.

Lument Finance Trust director James Christopher Hunt acquired 11,374 shares of common stock on 09/18/2025 at a price of $2.198 per share as payment for director fees. After the transaction he beneficially owned 652,263 shares. The filing is a Form 4 reporting the non-derivative acquisition and indicates the shares were issued as director compensation. The document is signed by an attorney-in-fact on 09/19/2025 and contains no other transactions or derivative holdings.

Lument Finance Trust director Neil A. Cummins received 6,255 shares as payment for director fees on 09/18/2025 at an effective price of $2.198 per share. After the issuance, Mr. Cummins beneficially owns 95,959 shares. The Form 4 shows the transaction was reported as an acquisition and is explained simply as "director fees paid in stock."

Keenan Walter C, a director of Lument Finance Trust, Inc. (LFT), received 6,255 shares of common stock as payment of director fees on 09/18/2025 at a reported price of $2.198 per share. After the transaction he beneficially owned 153,124 shares in total. The Form 4 was submitted as a single reporting person filing and is signed by an attorney-in-fact on 09/19/2025. The filer explains the shares represent director fees paid in stock.

William A. Houlihan, a director of Lument Finance Trust, Inc. (LFT), purchased 10,000 shares of the issuer's common stock on 08/13/2025 at a price of $2.16 per share. After the purchase he beneficially owned 237,732 shares. The Form 4 was signed by an attorney-in-fact on 08/14/2025. The filing reports a straightforward open-market acquisition by an insider and contains no derivative transactions.

Lument Finance Trust, Inc. furnished a press release and supplemental financial information announcing its financial results for the quarter ended June 30, 2025. Those materials are attached to the Form 8-K as Exhibit 99.1 (press release) and Exhibit 99.2 (supplemental financial information) and are referenced under Item 2.02 (Results of Operations and Financial Condition).

The company states these materials are being furnished and not filed, which the filing says limits Section 18 liability and prevents automatic incorporation by reference into other securities filings unless expressly referenced. The exhibits list includes an Inline XBRL cover page for interactive data, and the Form 8-K identifies the company’s registered securities as Common Stock (LFT) and 7.875% Series A Preferred Stock (LFTPrA) on the NYSE.

Lument Finance Trust, Inc. (LFT) reported a smaller balance sheet and lower earnings for the quarter and first half of 2025. Total assets fell to $998.4 million from $1.13 billion at year-end as the commercial mortgage loan portfolio declined to $905.4 million (net of allowance). Loan principal decreased from $1.066 billion to $924.2 million and loan count declined to 56 from 65. Net interest income for the quarter was $6.96 million (down from $9.52 million year-over-year) and six‑month net income was $3.17 million versus $11.58 million a year earlier. Net income attributable to common stockholders for the six months was $0.8 million, producing diluted EPS of $0.02 versus $0.18 in prior year.

The company increased its allowance for credit losses to $14.25 million and recorded charge-offs and foreclosures that produced $23.8 million of real estate owned (two multifamily properties). Collateralized financings declined to $709.9 million and the Company continues to consolidate two VIE financings (2021-FL1 CLO and LMF 2023-1). Cash and equivalents were $59.4 million and dividends declared per share were reduced to $0.06 for the quarter.